๐ต๏ธ According to blockchain investigator ZachXBT, North Korea's Lazarus Group was implicated in laundering $200 million through cryptocurrency hacks between August 2020 and October 2023.
๐ฐ The group employed sophisticated laundering techniques such as coin mixers and peer-to-peer exchanges to obfuscate the origins of stolen funds from over 25 breaches across various blockchain platforms.
๐ ZachXBT's report revealed that Lazarus utilized the Ethereum mixer Tornado Cash and the Bitcoin-based ChipMixer extensively.
๐ธ Additionally, Lazarus converted significant amounts of cryptocurrency into fiat currency via peer-to-peer platforms, with linked accounts receiving $44 million. Usernames "asyGoatfish351" and "airJunco470" were identified in these transactions.
๐ผ Known for orchestrating some of the largest digital heists, Lazarus Group's thefts total over $3 billion, with the United Nations Security Council claiming these funds support North Korea's weaponry initiatives, highlighting broader security risks.
